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CoreLogic Econ

LATEST CORELOGIC ECON TWEETS

Mortgage Performance

Distressed Sales Share Lowest Since September 2007

Distressed Sales Accounted for 9 Percent of Homes Sold Nationally in August 2015

Molly Boesel    |    Mortgage Performance

Distressed sales as percentage of total sales
  • Distressed sales were 9.3 percent of total sales in August 2015, with REO Sales making up 6 percent of total sales
  • Maryland had the largest share of distressed sales among all states at 20.8 percent
  • Of the largest Core Based Statistical Areas (CBSAs), Orlando-Kissimmee-Sanford, Fla. had the largest share of distressed sales at 23.4...

Serious Delinquency Rate of Condo Loans Drops to 2.9 Percent in Top 10 Markets

Lowest Since February 2008, but Quadruple 2000-2004 Average

Kristine Yao    |    Mortgage Performance

After the recent housing market crash, condominiums got a bad rap for having higher mortgage default rates, foreclosure rates and total losses. As a result, Fannie Mae, Freddie Mac, and FHA implemented new lending guidelines for condo mortgages that focused not only on the financial stability of the borrower but also on the condo community as a whole. For instance, Fannie Mae’s latest...

The Size of the Mortgage Market in 2015

Sam Khater    |    Mortgage Performance

Three weeks before the Federal Financial Institutions Examination Council (FFIEC) released the 2014 Home Mortgage Disclosure Act (HMDA) data, CoreLogic estimated what the “headline” numbers would be. The actual HMDA numbers came out on September 22. So, how did we do in our September 2 estimate?

First, a little background: HMDA gets its data from data submissions of...

Condo and Co-Op Lending in an Upswing

Originations up 31 percent with California markets leading the growth

Kristine Yao    |    Mortgage Performance

Condominium and housing cooperative (co-op) mortgage originations nationwide rose 31 percent to $39 billion in the second quarter of 2015 compared with $29.7 billion in the same quarter of the previous year (Figure 1). The growth was driven mainly by a 65-percent increase in the dollar volume of refinance loans. However, purchase money and closed end/home equity line of credit (HELOC) loans...

CoreLogic U.S. Economic Outlook- October 2015

Homeowners' Equity: Turning a Negative into a Positive

Frank Nothaft    |    Mortgage Performance, Videos

Owners with Negative Equity Falls by 1 Million Over Last Year

Another sign of the housing market’s recovery has been the drop in the number of homeowners with negative home equity over the past year. As of mid-2015, 4.4 million homeowners had a mortgage loan balance that exceeded their home’s value, in other words, they were ‘underwater’....

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